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U.S. Equities Markets Gain on Jobs Data

The Dow Jones Industrial Average closed at 14539.10 yesterday as equity markets continued their climb on more positive U.S. jobs data and a 0.4 percent increase in industrial production for February.

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U.S. Equities Markets Gain on Jobs Data

| International News by Staff Reporter

The Dow Jones Industrial Average closed at 14539.10 yesterday as equity markets continued their climb on more positive U.S. jobs data and a 0.4 percent increase in industrial production for February.

Consumer sentiment also showed an improvement.

The Dow Jones has gained 11% since the beginning of the year and more than 100% since March 2009, when it fell to a 12-year low.

Banks improved with the results of the recent Fed stress tests being perceived as positive by investors, except for JP Morgan and Goldman Sachs whose shares slipped around 2% on being asked to submit new capital plans to regulators.

The S&P 500 and Nasdaq also recorded gains.



Source: www.bizpremises.co.za

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